Bitcoin Price Analysis: Bears Take a Beating as Bulls Eye $9.5K

It’s been a fairly exciting week for Bitcoin bulls, with rally upon rally feeding into the bullish sentiment. Although the weekly is not closed as of typing, Bitcoin saw its value jump 14% this week to $9169,5(Bitfinex). However, it seems that for all the gains achieved this week, Bitcoin has found itself staring at a significant high-time frame resistance zone on the weekly and daily charts. Bitcoin Weekly Analysis To understand where we might be going, let’s break down where we’ve been in weekly chart retrospective review. After an explosive…

Sunday Digest: Bitcoin Price, BSV Pump and Dump, and Other News

Today is the day when Orthodox Christians submerge themselves in icy water to mark Epiphany, celebrating the baptism of Jesus in the River Jordan. Personally I prefer to celebrate my Bitcoin epiphany with a couple of icy beers, but you know, each to their own. Bitcoin Price: On The Up If last week, bitcoin price was all about $8k, then this week was all about $9k. Or to be more specific, would we get there? Certainly, at the start of the week, the sentiment seemed to have turned bullish. $8k…

When Anti-Bitcoin Peter Schiff Lost his BTC…

Peter Schiff may be unable to sell his Bitcoin (BTC), after getting locked out of his wallet. Schiff, who has been critical of BTC and sees its price as potentially tanking, tweeted that his wallet failed to decrypt. Peter Schiff Loses Acess to his Bitcoin Stash Bitcoin wallets are not forgiving of lost passwords or key files, and Schiff said he effectively lost all his coins. I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now…

PlanB Reasserts S2F Reliability as a Bitcoin Price Forecaster

In his latest article, PlanB has re-affirmed the reliability of his Bitcoin-Stock-to-Flow model (S2F) to forecast the Bitcoin price trajectory. He also asserts that BTC markets are reasonably efficient, and they see risks that are not in the price data. PlanB: Markets Are reasonably efficient In his article of January 17, 2020, PlanB makes a case for his S2F as a reliable Bitcoin price forecast tool against the Efficient Market Hypothesis (EMH), and the classic risk and reward model. The S2F model, introduced in March 2019, is based on Nick…